Monday,04 March 2024 09:24:52

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Monday,04 March 2024 at 09:23

UK and European markets traded in mixed territory as investors look ahead to a new trading week and the upcoming interest rate decision from the European Central Bank.

Japan’s Nikkei 225 closed above the 40,000 mark and set a new record high after the S&P500 and the Nasdaq Composite hit fresh all-time highs on Friday.

Gold prices lingered close to a two-month high, after softer U.S. economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve.

Oil prices edged lower after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets.

In corporate news, shipping broker Clarksons was in the black as it posted record full-year profits, with revenue driven by strong growth in its broking, support and research divisions.

Markets

At 09:15

FTSE 100 7,663 (-0.24%)

FTSE 250 19,288 (-0.34%)

DAX 17,737 +0.01%

At the close

Dow Jones 39,087 +0.23%

S&P 500 5,137 +0.80%

NASDAQ 16,274 +1.14%

Fixed Income

UK 10-YR YIELD 4.214

Exchange Rates

GBP/USD 1.266

GBP/EUR 1.168

Commodities

Gold $2,083 +0.06%

Brent $83.75 +0.55%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.